Nov 1 (Reuters) - Pharmacielo Ltd PCLO.V :
- PHARMACIELO PROVIDES UPDATE ON PROPOSED ACQUISITION OF CRESO PHARMA
- WILL NOT INCREASE CONSIDERATION THAT HAS BEEN OFFERED TO CRESO PHARMA SHAREHOLDERS AND LISTED OPTIONHOLDERS AS PART OF ACQUISITION
- SOUGHT CONFIRMATION FROM BOARD OF DIRECTORS OF CRESO PHARMA THAT IT CONTINUES TO SUPPORT SCHEMES, OTHER DEALS UNDER AGREEMENT
- CRESO GOT INDEPENDENT REPORT FROM BDO CORPORATE FINANCE (WA) TO CONCLUDE THAT SHARE SCHEME WITH CO IS NOT IN CRESO'S BEST INTERESTS